Deed of Indemnity is
made at ...... this day ...... of ...... between Mr. A residing at .....
hereinafter referred to as 'the Party of the First Part of the One Part and
M/s. AB & Co. Ltd., a Company registered under the Companies Act, 1956 and
having Its registered office at ...... hereinafter referred to as 'the Company'
of the Other Part.

Whereas the Party of
the First Part had deposited with the Company a sum of Rs. .... as a fixed
deposit for a period of three years and repayable with interest at 14% per
annum.

And Whereas the
Company had issued to the Party of the First Part a Fixed Deposit receipt for
the said amount on the .... day of ..... and bearing No....

And Whereas the said
period of the Fixed Deposit has expired and the Party of the First Part had
demanded back the amount but he had not been able to produce the original
receipt as the same is said to be lost or misplaced.

And Whereas at the
request of the Party of the First Part the Company has agreed to pay the said
amount of Rs ........ on the Party of the First Part agreeing to execute this
Deed.

NOW THIS DEED
WITNESSETH that pursuant to the said Agreement and in the premises the Party of
the First Part hereby agrees to Indemnify and keep indemnified the Company
against any loss, costs, charges and expenses that the Company may suffer or
incur on account of any claim being made by any other person claiming to be the
holder of the said Fixed Deposit Receipt by endorsement or otherwise and the
Company being required to make payment of the amount of the said Fixed Deposit
receipt to such person And the Party of the First Part undertakes that in the
event of the original Fixed Deposit receipt being found the same will be returned
to the Company duly discharged, forthwith.

IN WITNESS WHEREOF
the Party of the First Part has put his hand the day and year first hereinabove
written.